Does Remodeling for a Home Sale make sense?

by Michelle J. Lane, Realtor

I often get asked by clients what they shoud do to prepare their home for the market.  The answer, unless the property makes sense for a builder, for the most part, is clean up, do necessary repairs and sell the property you have.

While nice kitchens and baths do sell a home, spending the money to renovate these right before a sale will net you less in the end.   The Remodeling ROI report for 2018 outlines the average cost of remodeling projects and the return on those costs.  You can see from the chart below that the only renovation that gives you a 100% return is replacing the garage door.

That is not to say that you shouldn’t do renovations on your home, just that you should do them several years before you sell your house so that you can get some enjoyment out of them first.  After all, that is part of the ROI.

So where to expend your effort if you are getting ready for a sale?  

  • Clear out all the extra junk in attics, basements, closets, etc.  If it is not going with you to the next place, sell, donate, trash.
  • Fix things that are broken.  Seeing visibly broken things affects the buyer’s perception of value.  Look around your house for broken panes of glass, rotted wood, holes in the walls, light switches that don’t work, have your furnace cleaned, touch up paint, etc.  Those things are worth addressing.
  • Curb appeal  – have the yard cleaned up, edged, plant some nice flowers.
  • Have the house professionally cleaned.

I deal a lot in estate sales.  I would say that for most of those, it is also worthwhile to take up the wall-to-wall carpeting that is covering hardwood floors and, if necessary, refinish the floors.  The impact of how much it transforms the house is worth the expense.  This is fairly easy to do with estate homes as they can be cleared out.  Understandably tough to do this for a house you still occupy.

If selling your home is a few years away, it is worthwhile to have your Realtor come in and walk through the house with you to give you a checklist of those things you can do to prepare your home for sale.  That way you can take your time getting the work done and can enjoy the rewards of getting it done before you go to market.

If you want help with that, just ask!

Michelle J. Lane
MICHELLE J. LANE, Realtor
Century 21 Commonwealth
CELL: 617 584-3904